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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (114916)	4/4/2008 5:38:39 PM
From: ChanceIs	Respond to of 306849

I don't wish to argue global warming either - just its effect on the economy. I can tell you this for a fact. I know an energy economist way high in Deutsche-Bank. He is grumbling because he has been set to work on carbon trading. He doesn't believe in global warming. He thinks a carbon tax is much more efficient than carbon trading - given that we are going down the silly road of global warming mitigation. Having said all of that, there are bi$$ions to be made by DB and the other financial firms with big trading floors in the newly formed carbon markets. So in another six months when it looks like a crater on Wall Street, you might want to sift through the rubble to see who has the biggest carbon trading desk. ;-) Edit: If you think that the bailout of Bear was a scam, that carbon trading nonsense is one of the biggest Wall Street welfare projects ever conceived. It should turn your tummy to see the pigmen going back to the trough for the Bear bailout after having received that carbon trading SweetHeart deal.